ABT Trade Alert

This is a pretty decent Risk:reward area to enter this trade long.

 The daily chart shows what looks like short term capitulation. Yesterday formed a Harami reversal candlestick pattern and today has confirmed it.

 Almost every 3C timeframe looks bullish, this is the 15 min chart with a positive leading divergence.

The idea here is a swing type trade entry. The entry is above the higher of the two trendlines, or in this area. The stop would be a few % below yesterday's lows around $45.08, maybe $44.90 or so. If this breaks out above $46.60, it will have taken out a significant resistance zone which would be quite bullish.